Business Broker.Net | Connecting Business Buyers and Sellers

Asking Price:	$445,000 USD USA Dollars
Business for Sale Industry:	Auto & Mech: Services & Gas Stations
Reason for Selling:	retirement
Year Established:	1978
# of Employees:	8
Yearly Revenues:	$773,809
Yearly Cash Flow:	$188,842

Business for Sale Overview:

The Company has been independently owned and operated for thirty years by the current owner. It is a full service auto repair shop in a wealthy and rapidly growing community. As would be expected with any business that has been operating for thirty years, it has developed a strong reputation and loyal customer base. With a talented staff and service capabilities that few independent service stations have, it is even recommended to potential customers by their competitors. The Company is one of the leading independent repair shops within its marketplace in terms of expertise across almost all makes and models of cars. The owner desires to enter retirement and is offering the business for sale at the asking price of $445,000, plus inventory. An asset sale is anticipated.

Property Features and Assets:

The facilities are a painted cinder block building with 7 large bay doors opening to 9 service bays with lifts. They have 1 front end alignment machine and 2 truck drive lifts with a tire changing room, waiting room, front office, and a technicians room with computers. A five year lease is available.

Market Competition and Expansion:

All businesses face competition. This Company is no different. Within the Company’s marketplace there are several small auto shops. However, very few do full repair service like it does. Most do oil changes, lube, tire, brake service, and state inspections but few offer the full range of services that it does. Their #1 competitor which is located several miles away from the Company is a much smaller shop with only two bays and only two lifts. The Company is a Master Tech shop for the last 11 years. This designation allows the Company’s technicians to take classes and ongoing seminars to keep them up to date with the ever changing technology coming out in new vehicles. This designation is significant because it provides the Company’s mechanics with the expertise that separates it from the typical independent repair shop. The business is located near a major state University, hospital, law school, and business school. It is in a rapidly growing community and is on the only major road leading out to an area that is experiencing explosive growth as the community expands west. It is uniquely situated to enjoy heavy commuter traffic increase over the next several years. Currently, the business uses purely word of mouth and Yellow Pages advertising. With the increase in storefront traffic a revitalization of the property, perhaps a more noticeable facade on the business, and an attention attracting roadside sign would be valuable investments going forward. Also mentioned previously the business has 10 bays and 9 lifts. This means it has the capacity to add more mechanics and handle the higher volume of business that is expected from the area growth. Another option a new owner could consider is being open on Saturdays which is not uncommon in the industry but the business currently is not doing. Finally, some investments in radio or television advertisement letting a broader demographic know the capabilities of the Company.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.